Havas extends bid for Tempus

Havas Advertising has not raised its bid for Tempus Group as speculated, following a higher offer over the weekend from WPP Group worth £437m.

In a statement released yesterday, Havas Advertising said it took note of the rival offer, but it made no move to counterbid for the group. However, it did extend its own bid, worth £425m, to 3 September.